On September 16,離下 2009, Jinggong Technology held the th能到ird extraordinary general meeting of sh你制areholders in 2009, and但子 the proposal of resuming 理內the transfer of體見 80% equity of Hubei Jing訊林gong Technology Co., Ltd. to 少哥Zhejiang Jinggong Electromec河報hanical Automobile G費訊roup Co., Ltd. It has been widel不討y recognized by the ma能看jority of investors. After關話 the online voting from Sept嗎內ember 15th to 1短月6th and the on-site voti習雨ng on the 16th, it was finally appro就雪ved with a 99.92% appr間路oval rate.

Jinggong Technology's 校請main plan for the transf河村er of Hubei Jinggong's equity姐低 is: According to the auditing城紅 and asset evaluati雨懂on results and the relevant 美不principles determined by the resolut開雜ion of the sixth extraordina綠畫ry shareholders mee民的ting of Jinggong Technol新愛ogy in 2008, the transfe鐵好r price of this equity is based on H做區ubei Jinggong. 生筆(Parent company) The estimated 哥房net asset value of相也 June 30, 2009 is based on the 照做price, and the 站舊final negotiation is de放窗termined to be RMB 4,86錯姐4 million according to the princ西習iple of not lowe時內r than the original investment cost.問姐 In addition, for the financing guarant說雨ees and temporary loans p慢煙rovided by the company for Hubei Jinggo現多ng before the equity 日書transfer, Jinggong Electromec妹拍hanical Automobile Group and Hubei J身有ingong promised to repay中能 instalments by December 31, 2009. 南月If Jinggong Electromechanical Auto她也mobile Group fails to perform or 來錢fully perform within th玩廠e agreed time limit, Jinggo件和ng Group undertakes to assume the res理嗎ponsibility for compensati時快on. After the com又民pletion of the equity 厭黃transfer, the company will no long雪白er hold the equity of Hu們現bei Jinggong, Hubei煙對 Jinggong will 匠物become a wholly我可-owned subsidiary of Jing答一gong Electromechanical A站東utomobile Group.

The equity transfer will help the compa分理ny to accelerate the pace of industri間電al transformation. The non-recurr少裡ing transfer income genera要票ted by the implementation of equity tra頻朋nsfer will have an important impact on 好河the company's 2009民大 consolidated profit data, and will h答他ave a positive impact on t影爸he company's actual operatio笑生n and future strategic development.